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Bath Rd - The Deco Building 1,500 sq ft Office Unit Offered at £445,000 in Bristol BS4 3EH
INVESTMENT HIGHLIGHTS
- Approximately 1.4 miles from Temple Meads Railway Station
- Extensive retail park facilities within the Brislington area which is less than 1 mile away
- Located within a short drive to a number of facilities within the City Centre
EXECUTIVE SUMMARY
Paintworks is a unique development on the edge of Bristol City Centre, close to Temple Meads Station. Paintworks is an exciting development comprising a mixture of former brick built workshops and new build accommodation which encompasses Bristol’s creative quarter. Located on the site of a former Victorian paint factory, Paintworks is a vibrant and hugely successful mixed use development comprising studio/offices, live/work and residential spaces, representing Bristol’s creative quarter.
PROPERTY FACTS
| Total Property Size | 25,000 sq ft | Typical Floor Size | 11,469 sq ft |
| Property Type | Office (Unit) | Year Built | 1968 |
| Property Subtype | Office / Residential | Total Plot Size | 11.59 ac |
| Costar Property Class | B | Parking Allocation | 0.19/1,000 sq ft |
| Floors | 3 |
| Total Property Size | 25,000 sq ft |
| Property Type | Office (Unit) |
| Property Subtype | Office / Residential |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 11,469 sq ft |
| Year Built | 1968 |
| Total Plot Size | 11.59 ac |
| Parking Allocation | 0.19/1,000 sq ft |
AMENITIES
- Restaurant
- Security System
- EPC - D
- Storage Space
- Balcony
1 UNIT AVAILABLE
Unit 7.07
| Unit Size | 1,500 sq ft | Sale Type | Investment |
| Price | £445,000 | Tenure | Long Leasehold |
| Price Per sq ft | £296.67 | Net Initial Yield | 7.46% |
| Unit Use | Office | NOI | £33,197 |
| Unit Size | 1,500 sq ft |
| Price | £445,000 |
| Price Per sq ft | £296.67 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 7.46% |
| NOI | £33,197 |
DESCRIPTION
Unit 7.07 forms part first floor of Deco Building, which was the
administration block of the original paint factory.
The building provides nine characterful self-contained offices,
each comprising WC and kitchen, with reclaimed timber flooring, perimeter trunking, gas-fired central heating and recessed lighting. The unit benefits from two on site allocated car parking spaces.
SALE NOTES
999 year long leasehold from 2006, subject to a ground rent of £350 per annum which is subject to RPI linked reviews every 25 years. Seeking offers in excess of £445,000 (Four Hundred and Forty Five Thousand Pounds).
This reflects a net initial yield of 7.46% assuming purchaser’s costs of 4.44%
Presented by
Bath Rd - The Deco Building
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